Lo Strait of Hormuz has returned to the center of attention: new wave of attacks mutual has upset the fragile ceasefire between United States and Iran and has clouded the prospects for long-term peace in Middle EastTo make matters worse, the United States has reintroduced the fines on crude oil sales to Iran.
I oil prices they started to rise again and at the same time the shares were put up for sale government bonds on fears of a new rekindling of inflation and a “hawkish” response from the FedToday the focus will be on minutes of the FOMC monetary policy meeting in June. In Asia, only the tech companies listed in Hong Kong with investors becoming more selective than the giants Korean which are still suffering profit-taking. European futures are slightly down.
US-Iran reciprocal attacks cause oil prices to bounce back
According to a post published on X from Central Command, US forces carried out a series of attacks offensive against Iran, hitting over 80 goalsDeputy Foreign Minister Kazem Gharibabadi warned that Tehran would respond. Axios Reported drones were launched against Bahrain, and Kuwait said it responded to missile attacks. The renewed hostilities threaten to jeopardize the interim peace agreement between the United States and Iran reached last month, while the resurgence in oil prices threatens a new wave of disruption for global energy markets. Three ships were attacked in the Strait of Hormuz, including a gas tanker and a Saudi oil tanker. However, some vessels managed to transit the Strait this morning.
Oil futures Brent are rose 3,2% at $76,54 a barrel, well below the wartime peaks above $120, but enough to destabilize the market. WTI crude oil rose to $72,5 a barrel, up 2%.
Wall Street fell sharply yesterday. The Nasdaq was the worst performer, dragged down by Micron.
Black day yesterday for Wall Street which closed with all indices in decline. The Nasdaq, weighed down by losses from Micron Technology and other chipmakers, was the worst performer, while investors are growing doubts about the sustainability of the rally.artificial intelligence. Chipmaker shares tumbled after the memory chip giant's quarterly results Samsung Electronics, while exceptional, failed to meet investors' sky-high expectations.
S & P 500 closed down 0,45%, Nasdaq at -1,16%, Dow at -0,25%. Micron fell by 4,7% and Sandisk lost 7,3% dragging thechip index down 4,65%, reducing the expected gain for 2026 to about 74%.
Fueling concerns about rapidly growing chipmakers, Reuters reported that the Chinese startup DeepSeek is developing its own artificial intelligence chip that could reduce its reliance on NvidiaAnother test of appetite for semiconductor stocks looms on Friday, when South Korean giant SK Hynix will begin trading on the Nasdaq.
SpaceX by Elon Musk is dropped by almost 7% on its first day of trading as part of the Nasdaq 100 index and after a number of brokerage firms began tracking the stock.
In Asia, the Kospi stocks are down as they await SK Hynix's US debut. Meanwhile, Hong Kong tech stocks are rising.
Asian markets are mixed, with the Kospi still declining sharply as it awaits SK Hynix's Nasdaq listing on Friday. Meanwhile, tech stocks listed in Hong Kong are strong. The MSCI Asia Pacific index is up 0,3%.
- Asian investors Investors in the AI sector are becoming more selective, liquidating overcrowded positions and broadening their search for undervalued and diversifying opportunities in the region. Some are focusing on a few relatively undervalued technology stocks in markets such as Hong Kong and Malaysia. Some others are even looking beyond the tech sector, to markets likeIndia, which has lagged behind its Asian peers due to the dearth of companies active in the field of artificial intelligence.
La Seoul Stock Exchange is falling. The Kospi is losing 5% and has been down 10% since the beginning of the month. Attention is on Sk Hynix which will be traded on the Nasdaq starting Friday: according to BloombergThe $28 billion deal was widely subscribed ahead of the pricing, which is expected tomorrow. The South Korean memory chipmaker's offering attracted strong initial demand from global long-only funds and technology-focused investors. Approximately 1.000 institutional investors participated in a conference call with management yesterday. SK Hynix began trading yesterday on 177,9 million American Depositary Receipts (ADRs) worth approximately $28 billion, based on Friday's closing price of its common shares in Seoul. This would make it the largest-ever U.S. IPO for a foreign company. The offering represents 2,5% of SK Hynix's market capitalization, which has more than tripled this year to over $1.000 trillion. This morning, the stock SK Hynix It has fluctuated and is now down 3%. Samsung After yesterday's collapse, it fell another 5,6% today.
In Japan the Index Nikkei of the bag of Tokyo is down 1,5%. Government bonds are weakening:
In China, the Hang Seng Index Hong Kong +2,4%. The CSI 300 index in Shanghai and Shenzhen +0,8%. The Taipei Taiex -0,2%. The Hang Seng Tech Index rose as much as 3,5%, thanks to investors' shift toward a more attractively valued sector after the decline seen at the beginning of the year. Zhipu leads the gains, surging after its key investors pledged to hold onto their shares after the lock-up period expired and JPMorgan raised its price target for the company. Lenovo rises up to 8,8%, SenseTime Group + 7,2%. Global Moments, a Chinese company specializing in autonomous driving, rose 6% in Hong Kong after raising HK$5,9 billion (US$752 million) in an initial public offering.
Le Indonesian stocks fell after S&P Dow Jones Indices warned that the country could lose its emerging market status if concerns about its stock market persist,
The yields of US Treasury securities 10-year bonds, which rise when prices fall, rose about 3 basis points, reaching a one-month high of 4,565%. The yield on the Japanese Decade is at 2,84% rate of return, maximum since 1997.
The index of dollar remained stable after yesterday's 0,2% rise. yen fell to the 162,3 dollar area. has surpassed $4.100 an ounce, while Bitcoin has lost about 1%.
European stocks opened lower. At the Milan Stock Exchange, eyes were on luxury goods, oil companies, Fincantieri, and Pirelli.
European stock markets are expected to open lower, according to Eurostoxx 50 futures at -0,3%.
LuxuryGucci and Kering's L'Oréal have renewed their 50-year beauty licensing agreement one year early.
EniBanco Santander raises its share price to Outperform, with a target of €25,50.
Fincantieri has signed a contract with Marc-Henry Cruise Holdings for the construction of a third ultra-luxury cruise ship. The deal is valued at a significant amount, between €500 million and €1 billion. Delivery is scheduled for 2031.
Banca Mediolanum – In June, net inflows amounted to €951 million (YTD: €6,4 billion), with inflows into assets under management amounting to €872 million. Significant new customer acquisition, amounting to 18.000 in the month.
Italian Post Office, Telecom Italia – The Board of Directors of Poste Italiane has approved a €371.986.879 capital increase to service the takeover bid for Telecom Italia. This is according to a company statement.
Stellantis – Fiat has started sales of the Topolino in the US. It's a two-seater electric car costing $13.995 and offering a range of up to 46 miles (about 75 kilometers).
Unicredit – Commerzbank publishes final acceptance figures for its offer for shares. According to press reports, the final acceptance rate could exceed 45%, excluding cash-settled total return swaps (TRS).
PirelliCitigroup cut its rating to Neutral from Buy and raised its target price to 7,5 from 7,4 euros.
StellantisBNP raised its target from 5,2 to 6,15 euros.
